EDC fiscal Q4 net loss $3.1M; full-year net income $2.3M after $12.2M building sale gain

EDUCATIONAL DEVELOPMENT CORP

Net revenues FY2026 $22.9M vs $34.2M prior year; Q4 revenues $4.2M vs $6.6M.
Average active PaperPie Brand Partners fell to 5,800 from 12,300 (FY); Q4 4,500 vs 9,400.
FY net income $2.3M includes $12.2M building sale gain; operating loss without gain was $6.9M.
Company now debt-free after repaying $30.9M bank debt; secured new $2.0M line of credit from Regent Bank.
Restructuring & cost cuts expected to save >$1.2M in G&A in FY2027; inventory reduced $7.0M to $37.7M.

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